LEHMAN, LEE & XU China Lawyers

China Internet and E-commerce In The News

Sep. 29, 2015

Attorney Edward Lehman, Managing Director of LEHMAN, LEE

& XU working 28+ years on the ground in mainland China.

Connect with Attorney Edward Lehman

The China Law News keeps you on top of business, economic and political events in the China.
Blawg | Newsletter Archive | |

In the News

China to Release Cross-border E-commerce Food and Cosmetics Import Regulations

NANNING - Founder of the first China-ASEAN e-commerce platform, Sun Suojun from Guangxi Zhuang autonomous region has confidence in cross-border businesses.

"We import fresh fruit and fish from ASEAN and sell the goods through the platform," he said. "Sales volume was over 20 million yuan ($3.14 million), and will be a lot more this year."

The two sides launched a cross-border e-commerce platform during the 12th China-ASEAN Expo which closed on Monday. Problems like slow customs clearance and higher costs are being dealt with.

The platform will provide information on business matching, overseas financing, logistics, customs inspections and legal advice for bilateral enterprises.

Booming e-commerce

"E-commerce has become crucial to efficiency and restructuring," said Nie Linhai of the Ministry of Commerce during the expo. The past decade saw huge increases in online retail and e-commerce in general, and strategies like the Belt and Road Initiative and "Internet Plus" will only help.

"Cross-border e-commerce stood at $480 billion in 2014, and should hit $1 trillion by 2020," said Ma Jixian, deputy commerce director of Guangxi.

By the end of June this year, 374 million Chinese people had made online purchases, 3.5 percent up from last year, and 270 million of them used smartphones.

Li Jingwen of the Chinese Academy of Engineering, said China's e-commerce market is mature with mobile shopping apps prompting traditional industries to reshape their businesses.

http://www.chinadaily.com.cn/business/tech/2015-09/22/content_21948860.htm

You may share this document with your friends or colleagues, either by forwarding the e-mail edition to them (provided that the contents of the e-mail edition, including all notices, are preserved in their entirety), or by directing them to the online edition at here. You may use short excerpts from this document in your own work (provided that each such excerpt shall not exceed three sentences in length; no more than twenty percent of this document, by word length, may be excerpted; no more than twenty percent of your work, by word length, may consist of such excerpts; each such excerpt shall be attributed to LEHMAN, LEE & XU, with such attribution to include the Internet address of the online edition of this document; and your work shall not disparage LEHMAN, LEE &XU). All other rights reserved.

This document has been created for educational purposes for clients, potential clients and referrers of services to LEHMAN, LEE & XU, and to alert readers to the services provided by LEHMAN, LEE & XU. It is not intended to serve as definitive professional or legal advice, and should not be relied upon as such. LEHMAN, LEE & XU does not endorse any personal opinions which may be contained herein.

For more information regarding accounting, taxation, and audit services in China please email LehmanBrown International Accountants at mail@lehmanbrowninternational.com or visit our website at www.lehmanbrowninternational.com .

We hope that you enjoy China Internet and E-commerce in the News . If you would like us to send you new issues by e-mail each month, please click here to subscribe. There is no charge for this service. If not, please click here to unsubscribe. If you have any difficulty subscribing or unsubscribing, please contact our IT department directly at: it@lehmanlaw.com

Proud Member of